BlackRock CEO: Bitcoin and Crypto Market More Stable After Leverage Cleanup
2026-07-16 01:08
Odaily Planet Daily News Larry Fink, CEO of BlackRock, the world's largest asset management company, said he is optimistic about the market over the next 12 months, and that the technological revolution will drive more companies to improve profit margins. He stated that BlackRock's profit margin has risen by 260 basis points over the past 12 months, and it has added $1 trillion in assets without increasing its headcount.
Larry Fink said that current market leverage levels are lower than in 2008 and 2009, and implied leverage is not high given the size of the current capital market. He also noted that there could still be concentration risks in some assets, financial products, or international markets.
Larry Fink said he has previously been concerned about leverage in Bitcoin and the crypto market, noting that there were too many leveraged participants in the market. He believes that after the leverage cleanup, Bitcoin and the crypto market are more stable at current levels.
Larry Fink said that current market leverage levels are lower than in 2008 and 2009, and implied leverage is not high given the size of the current capital market. He also noted that there could still be concentration risks in some assets, financial products, or international markets.
Larry Fink said he has previously been concerned about leverage in Bitcoin and the crypto market, noting that there were too many leveraged participants in the market. He believes that after the leverage cleanup, Bitcoin and the crypto market are more stable at current levels.
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